WERNER ENTERPRISES INC (WERN) Stock Technical Analysis
NASDAQ:WERN - US9507551086 - Common Stock
We assign a technical rating of 6 out of 10 to WERN. WERN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
WERN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.63, a Stop Loss order could be placed below this zone.
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25.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.02 to 28.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.30 from a trend line in the daily time frame.
- A support zone ranging from 25.76 to 25.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.23 to 30.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.38 from a trend line in the weekly time frame.
- Resistance @41.61 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for WERN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WERN is up. |
| ChartMill Relative Strength | 20.87 | NEGATIVE | WERN has a low relative strength, it was outperformed by 79.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WERN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WERN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WERN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.69 | NEUTRAL | The RSI value for WERN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests WERN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.08 | NEUTRAL | The Stochastics value for WERN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for WERN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.37 | NEUTRAL | The ADX value for WERN suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.09 | 28.01 | 2.08 (6.91%) | 14.47% |
| An entry @30.09. This is a Buy Stop order right above the resistance zone. | An exit @28.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.08 points, which is 6.91%. | For a 1.00% total portfolio risk, you can invest 14.47% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.85
+0.12 (+0.42%)